Teachers Retirement System of The State of Kentucky Acquires 70,421 Shares of CoStar Group, Inc. $CSGP

Key Points

• Teachers Retirement System of Kentucky raised its stake in CoStar by 35.9% in Q4, purchasing 70,421 shares to hold 266,783 shares worth about $17.94 million (≈0.06% of the company).
• CoStar beat Q4 estimates with $0.31 EPS and revenue up 26.9% year‑over‑year, its board authorized a $1.5 billion share buyback (~5.3% of shares), and analysts hold a consensus "Moderate Buy" with a $66.47 price target.

Teachers Retirement System of The State of Kentucky raised its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 35.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 266,783 shares of the technology company's stock after purchasing an additional 70,421 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.06% of CoStar Group worth $17,938,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Quent Capital LLC bought a new position in shares of CoStar Group in the third quarter valued at about $26,000. Manning & Napier Advisors LLC bought a new stake in shares of CoStar Group during the 3rd quarter worth about $28,000. Westside Investment Management Inc. grew its stake in CoStar Group by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 360 shares of the technology company's stock valued at $30,000 after buying an additional 180 shares during the last quarter. Root Financial Partners LLC bought a new position in CoStar Group in the 3rd quarter valued at about $31,000. Finally, SJS Investment Consulting Inc. lifted its position in CoStar Group by 3,046.2% during the third quarter. SJS Investment Consulting Inc. now owns 409 shares of the technology company's stock worth $35,000 after acquiring an additional 396 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CSGP has been the topic of several research reports. The Goldman Sachs Group decreased their target price on CoStar Group from $73.00 to $63.00 and set a "buy" rating on the stock in a research report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft set a $68.00 price target on CoStar Group in a report on Thursday, January 8th. Citizens Jmp decreased their price objective on CoStar Group from $78.00 to $73.00 and set a "market outperform" rating on the stock in a report on Wednesday, February 25th. BNP Paribas Exane initiated coverage on CoStar Group in a research report on Wednesday, January 14th. They set a "neutral" rating and a $64.00 price objective on the stock. Finally, Citigroup dropped their target price on CoStar Group from $100.00 to $70.00 and set a "buy" rating for the company in a report on Thursday. Twelve analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.47.

Insiders Place Their Bets

In related news, Director Louise S. Sams bought 1,000 shares of the business's stock in a transaction dated Friday, March 6th. The stock was purchased at an average cost of $48.36 per share, for a total transaction of $48,360.00. Following the transaction, the director owned 20,409 shares in the company, valued at $986,979.24. The trade was a 5.15% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.09% of the stock is owned by corporate insiders.

CoStar Group Stock Performance

Shares of NASDAQ:CSGP opened at $36.44 on Monday. CoStar Group, Inc. has a 12-month low of $34.75 and a 12-month high of $97.43. The company's 50 day moving average price is $42.74 and its two-hundred day moving average price is $57.93. The firm has a market cap of $15.30 billion, a PE ratio of 3,647.65, a PEG ratio of 0.94 and a beta of 0.92. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.12.

CoStar Group (NASDAQ:CSGP - Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The technology company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.04. The company had revenue of $899.90 million during the quarter, compared to the consensus estimate of $892.22 million. CoStar Group had a net margin of 0.23% and a return on equity of 2.53%. The firm's quarterly revenue was up 26.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 earnings per share. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. Equities research analysts predict that CoStar Group, Inc. will post 0.96 earnings per share for the current year.

CoStar Group declared that its Board of Directors has approved a share buyback program on Wednesday, January 7th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 5.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its shares are undervalued.

About CoStar Group

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar's offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.

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